Best option trading strategies book
It's a struggle to read at times but I often review chapters every so often to understand the short term market. Markets in Profile - Dalton This is the second book you must read on Market Profile, and it's a little more up to date compared to MoM.
There's a little more integration with newer behavioral finance stuff and neuroeconomics. Seriously, you must understand auction market theory if you want to learn to trade. Mastering the Trade - Carter The setups are a bit outdated, but this holds a special place with me as it first introduced me to derivatives trading. Brett If you haven't read anything by Dr. Brett you are doing yourself a disservice. I love this book because the author comes from a background of Clinical Psychology focusing on high-performing individuals.
The anecdotes easily crossover into the trading realm, and you can gain plenty of insights about yourself and your trader profile. The Daily Trading Coach - Dr. Brett Treat this book like a daily devotional. Brett smartly broke up the book into lessons. Read one lesson per day and see how you could implement it in your trading.
Continual, incremental self-improvement will do wonders for your performance. Trade Your Way to Financial Freedom - Tharp If you ever wanted the best way to track your performance, you will learn it here. The book discusses the concept of "R-multiples," which I believe is critical for traders and investors to understand. Tharp focuses not on the individual setups but how to approach them from a risk-oriented approach.
Trading in the Zone - Douglas This one seems to always show up on lists. It's a great weekend read that can get you motivated to take on the market again, and how to get into the proper trading state.
This book will tell you a ton of things that you already know but you need to hear anyways. If you have trouble defining and accepting risk, this book is for you. Letters from a Stoic - Seneca A nervous, fatalistic, pessimistic personality is not the right kind of profile you want to have as a trader. These letters from Seneca taught me how to accept randomness, embrace risk, and focus on the things that are important in my life.
The Talent Code - Coyle A great way to get better at the markets is to see how others become great in other fields. There are a ton of parallels, and this book gives you the steps necessary to become great in a trade. In-depth practice, self-corrective mistakes, and proper coaching are the true keys to talent.
Flow - Csikszentmihalyi Have you ever felt joy while trading? You were fully immersed in the market and in a state called "Flow.
Being in "Flow" during trading significantly increases your performance. It's a quick read and it goes over how to properly get into the mental state to develop as a trader.
As the title says, trading can be a very creative endeavor and this book will show you how. Even the newest trader will find his insightful explanations of the most complex strategies clear and concise. Some of his rules to live by that I like are:. This is a good book for a beginner investor. He offers additional insights into avoiding losses and using technical analysis to pick optimal stocks and times to buy and sell. Possibly the best book available for options trading beginners as it provides great clarity on all the main options concepts and strategies.
Visual tools are used throughout the book as a way for the new options trader to enhance their learning experience. Cohen will help you master practical strategies for profiting in any market environment. How Legendary Traders Made Millions: Options as a Strategic Investment. Options Trading Books — Recommended Reading.
Interviews with Top Traders by Jack D Schwager I believe that this is one of the top-selling trading books of all-time. He reduces more than 60 options strategies strategy into five key areas: Some of his rules to live by that I like are: Options Made Easy by Guy Cohen Possibly the best book available for options trading beginners as it provides great clarity on all the main options concepts and strategies.